REGULATIONS


Moneylife Digital Team 16 May 2025
A new study by Moneylife Foundation confirms the depth and scale of challenges caused by the rigid enforcement of know-your-customer (KYC) norms, particularly in rural India. What was intended as a safeguard against financial crimes has, in practice, become a significant barrier to financial...

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Moneylife Digital Team 16 May 2025
Market regulator Securities and Exchange Board of India (SEBI) has exposed what it calls a ‘collusive’ scheme to siphon off most of the funds from Varyaa Creations Ltd’s small and medium enterprises (SME) initial public offering (IPO). In an interim order on 14 May 2025, SEBI says it found that...

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Moneylife Digital Team 16 May 2025
Reserve Bank of India (RBI) has imposed penalties of Rs5 lakh on four cooperative Banks and one non-banking financial company (NBFC) for non-compliance with the directions issued by the banking regulator. The highest penalty of Rs2 lakh has been imposed on Karnataka Central Cooperative Bank...

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Moneylife Digital Team 16 May 2025
Market Regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs5 lakh on Manas Jaiswal, a SEBI-registered research analyst (RA), for multiple violations of rules and regulations. Following an inspection covering the period from 1 September 2020 to 31 July 2023, SEBI...

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SN Thyagarajan (Bar  and   Bench) 15 May 2025
The Supreme Court on Thursday held that the Maharashtra Protection of Interest of Depositors (MPID) Act overrides the provisions of Central financial recovery statutes, including the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFAESI), the...

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Moneylife Digital Team 15 May 2025
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs5 lakh on Fraser and Company Ltd (noticee 1) along with Yogeeta Shivhare (noticee 2) and Omkar Shivhare (noticee 3), both promoters, as well as on Ekadanta Genex Pvt Ltd (Noticee 4) from the promoter group...

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Moneylife Digital Team 15 May 2025
Market regulator Securities and Exchange Board of India (SEBI) has imposed a 15-days restriction on Motisons Commodities Pvt Ltd, prohibiting the company from onboarding any new clients across all segments of the Multi Commodity Exchange (MCX) and the National Commodity and Derivatives Exchange...

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Moneylife Digital Team 15 May 2025
Market regulator Securities and Exchange Board of India (SEBI) has issued a regulatory censure against Sameer Pande, Proprietor of Niftypro Trading Research, following multiple violations of SEBI regulations, including misleading investors by promising assured returns and using prohibited...

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Moneylife Digital Team 14 May 2025
Groww Invest Tech Pvt Ltd, formerly known as Nextbillion Technology Pvt Ltd, has settled another regulatory proceedings initiated by the Securities and Exchange Board of India (SEBI) by paying Rs47.85 lakh. The proceedings were related to multiple alleged violations under the SEBI Act, 1992,...

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Moneylife Digital Team 14 May 2025
Due to certain legal proceedings against its promoter, Strata Small and Medium Real Estate Investment Trust (SM REIT) has surrendered its registration. Market regulator Securities and Exchange Board of India (SEBI) has warned investors to exercise caution while dealing with Strata SM REIT as it...

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Moneylife Digital Team 13 May 2025
Anand Rathi Share and Stock Brokers Ltd has paid Rs90.20 lakh to the Securities and Exchange Board of India (SEBI) to settle adjudication proceedings initiated against it for regulatory violations related to front-running activities in the scrip of KPIT Technologies Ltd.   The case revolved...

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Moneylife Digital Team 13 May 2025
Groww Invest Tech Pvt Ltd (formerly known as Nextbillion Technology Pvt Ltd) paid Rs34.12 lakh to Securities and Exchange Board of India (SEBI) to settle an issue for failing to handle technical glitch on 23 January 2024.    According to SEBI, being a specified stock broker, Groww Invest Tech...

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SN Thyagarajan (Bar  and   Bench) 13 May 2025
The Supreme Court on Tuesday upheld a decision of the now defunct Competition Appellate Tribunal (COMPAT) which ruled that offering volume-based discounts does not, by itself, amount to discriminatory pricing under the Competition Act, 2002, unless such discounts are applied differently to...

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Moneylife Digital Team 12 May 2025
Reserve Bank of India (RBI) has imposed a penalty of Rs2.72 crore on State Bank of India (SBI) and Jana Small Finance Bank Ltd for non-compliance with the directions issued by the banking regulator. The highest penalty of Rs1.72 crore has been imposed on SBI. Jana Small Finance Bank has been...

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On 29 April  2025, the Supreme Court of India (SC), issued a landmark order directing the central bureau of investigation (CBI) to register seven preliminary enquiries and set up a special investigation team (SIT) to probe, what it termed as, an ‘unholy nexus’ between lenders and real estate...

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It is difficult to find another instance where a leading corporate that commands a market value of approximately Rs2.5tn (trillion), was censured in calumnious terms by the highest court of the land!   In setting at nought the orders of the lower courts that allowed JSW Steel Ltd to take over...

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Moneylife Digital Team 09 May 2025
As many as four non-banking finance companies (NBFCs) have surrendered their registration certificates to the Reserve Bank of India (RBI), while the regulator cancelled the registration of one NBFC and an asset reconstruction company (ARC). The reasons for surrendering registration include...

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Moneylife Digital Team 09 May 2025
Reserve Bank of India (RBI) has imposed a penalty of Rs4 lakh on five cooperative banks for non-compliance with the directions issued by the banking regulator. The highest penalty of Rs1.50 lakh has been imposed on Nicholson Cooperative Town Bank Ltd from Tamil Nadu.   Other banks penalised...

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Moneylife Digital Team 08 May 2025
Market regulator Securities and Exchange Board of India (SEBI) has barred Paytm founder and chief executive officer (CEO) Vijay Shekhar Sharma from accepting stock options from any listed company for next three years, following a high-profile settlement in a case involving alleged regulatory...

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Moneylife Digital Team 07 May 2025
While disposing an appeal filed by Ahmedabad-based Gensol Engineering Ltd seeking a stay on an interim order passed by the Securities and Exchange Board of India (SEBI), the securities appellate tribunal (SAT) directed the market regulator to pass a final order within four weeks in this matter....

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